Shanghai Mayor Mentions Stock Market, Met With Laughter

The Mayor of Shanghai was met with chuckles from his audience after mentioning the stock market at the 2015 Lujiazui forum. Taking over the podium from the Chairman of the China Securities Regulatory Commission, who had mentioned the increasing need for the banking sector to support the real economy, Yang Xiong attempted to explain the background to the meeting with the words, “Recently the stock market…”. After the laughter subsided, he continued, “…Has been fluctuating between the bulls and bears.” Netizens were concerned about investments made by the old and young.

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